For a binding contract to be created, consideration must be

A) legally sufficient.
B) validated by a court.
C) paid in cash.
D) legally sufficient and paid in cash.

Question

For a binding contract to be created, consideration must beA)  legally sufficient.B)  validated by a court.C)  paid in cash.D)  legally sufficient and paid in cash.

Allie Harris · Accepted Answer

Final Answer : A, Explanation :  Consideration in a contract must be legally sufficient, meaning it must have some value in the eyes of the law. It does not need to be validated by a court, nor does it need to be paid in cash.

For a binding contract to be created, consideration must be

A) legally sufficient.
B) validated by a court.
C) paid in cash.
D) legally sufficient and paid in cash.

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Learning Objectives

Learning Objectives

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